Patricia Expands Payment Tenure, Announces Support for Users

…Gears Up for Launch of Innovative AI-Based Platform

To manage customer expectations and keep faith with its avowed commitment to customers, Patricia Technologies Limited, a leading cryptocurrency company, has announced a two to five-year repayment regime for all customers who lost money following the recent breach of the company’s platform by some high-profile hackers, some of whom are now in police custody.

Patricia Technologies explained in a statement that the new repayment regime is a careful sequel to the company’s repayment exercise launched on Monday, November 20, 2023. The company further explained that this phased repayment regime would give the business and the Police the needed latitude to recover stolen funds from the arrested suspects and enable the business to mass up some revenue from the continued use of the reinforced Patricia App.

“To manage expectations, Patricia Technologies estimates a repayment plan spanning two to
five years. The commitment is to ensure that every customer receives their full and final rightful
payments within this timeframe, underscoring the company’s determination to persist until all of
its financial obligations are fulfilled,” the statement read in part.

Patricia Technologies also hinted that it has worked on a best-in-class technological solution to
prevent a repeat of the recent breach. “To streamline transactions and fortify security, Patricia
Technologies is redesigning the Patricia Plus platform. The AI-enabled system, scheduled to go
live by Q2 2024, aims to offer a simpler, more efficient user experience while reducing
operational burdens,” the company further disclosed.

Patricia Technologies Limited recalled how it recently suffered a setback from a breach of its platform by suspected criminal elements, resulting in substantial asset losses to the company and customers. “The company acted swiftly and reported the matter to the cybercrime unit of the Nigeria Police Force, which in turn made a breakthrough in the investigation by arresting some suspects now set to be arraigned in court by June this year.

Given the protracted process of apprehending the remaining suspects and recovering some of
the stolen funds, we have considered it imperative to announce this tenured repayment
schedule,” the company stated.

It added that it had indeed made good on its promise by commencing repayment to affected customers on November 20, 2023 and that its decision to spread out the repayment tenure carefully is to make room for “the outcome of recovery efforts by the Nigeria Police and inbound revenue from trading on the reinforced Patricia app, all of which will contribute significantly to the needed funds for the planned payment.”

Patricia Technologies also stated that, as a business, it is strategically shifting focus toward its
business arm and OTC desk, citing positive traction in recent months: “We are transitioning from
crisis to creation mode, emphasizing value creation designed to enhance service delivery and
expedite the return of customers’ lost funds.”

The company projects that 2024 and 2025 would be good years for the Crypto community. To
that effect, it has pledged to support all its users with opportunities in the
crypto space to reduce their burden. The company announced that it would do this by sharing airdrop
opportunities, Staking, and Defi opportunities that their users could use and convert to US
Dollars. It added that it has planned to have this operation in full flight on or before Q2 of this year.

The company also assured customers of its commitment to communicate and engage with them,
“during this challenging time continually”.

Patricia Technologies said it was dedicated to rebuilding trust through concrete actions, and that its customer service team will be available to address queries, provide clarifications, or discuss individual circumstances with customers. “To make this seamless, a dedicated website is also under development to streamline communications about all issues on the repayment regime,” the company stated.

Patricia Technologies expressed gratitude to its loyal customers for “their understanding,
patience, and unwavering trust,” saying that the company remains steadfast in its commitment to
resolving the current situation and emerging more resilient than ever before.

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